Question

Other things being equal, a ________ supply of workers tends to put ________ pressure on real wages.

Answer 1

The answer is, larger; downward.

• Other things being equal, a larger supply of workers tends to put  downward pressure on real wages.

How do wage increases affect the demand for and supply of labor?

• The quantity of work required will alter in response to changes in pay or salary.
• Employers will want to hire fewer workers if the pay rate rises.
• There will be a reduction in the amount of labor requested and an upward shift in the demand curve.

What causes wage increase?

• There are several reasons why employers may decide to raise salaries.
• An increase in the minimum wage is the most frequent justification for wage increases.
• The minimum wage can be raised by both the federal and state governments.
• Companies that manufacture consumer items are also renowned for giving their employees small pay raises.

How does wage increase affect supply?

• The aggregate supply curve shifts inward when the money wage rate increases, which results in a decrease in supply at all price levels.
• The aggregate supply curve shifts outward as the money wage rate declines, increasing the quantity supplied at any price level.

Learn more about  real wages here:

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